Eaton Corporation PLC (ETN) has been under a strong bear grip, hence the stock is down -0.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.57% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.08% in the last 1 week, and is up 3.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.16% and the 50-Day Moving Average is 4.51%.
Eaton Corporation PLC (NYSE:ETN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.97 and $63.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.83, notching a gain of 0.05% for the day. The total traded volume was 2,670,788 . The stock had closed at $63.80 on the previous day.
The company Insiders own 0.8% of Eaton Corporation PLC shares according to the proxy statements. Institutional Investors own 75.11% of Eaton Corporation PLC shares. During last six month period, the net percent change held by insiders has seen a change of 6.99%. In a related news, Mcguire Mark M, officer (See Remarks below.) of Eaton Corp Plc, unloaded 18,751 shares at an average price of $63.04 on June 7, 2016. The total amount of the transaction was worth $1,182,063, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.